iShares Blockchain and Tech ETF Price & Performance (IBLC)

Bitcoin ETFs are experiencing a resurgence in investor confidence, with significant inflows reported last week. The iShares Bitcoin Trust ETF saw $464 million in new investments, offsetting earlier outflows. This trend aligns with Bitcoin's recent price surge to $87,500, signaling strong institutional and retail interest in cryptocurrency-related assets.12

BlackRock has introduced its first Bitcoin exchange-traded product in Europe, trading on key exchanges like Xetra and Euronext. The physically backed ETP offers competitive fees and aims to attract cryptocurrency investors. This marks a pivotal step in BlackRock's strategy to expand its crypto asset management globally.34

The iShares Blockchain and Tech ETF dropped 2% in Tuesday's trading, closing at $29.00. Trading volume was significantly lower, down 43% from its average. With a bearish short-term outlook, the ETF continues to face challenges amid fluctuating market conditions and reduced institutional investor activity.56